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"Slumdog Millionaire", won the top award at "TIFF 2008" on Saturday.
Directed by Danny "Trainspotting" Boyle, the film opens across North America November 28.
Premise of "Slumdog" focuses on a teen from the Indian slums who wins a chance of becoming a millionaire on a TV game show.
Actress Freida Pinto accepted the Cadillac People's Choice Award on Boyle's behalf.
"'Slumdog Millionaire' is a film about an underdog who believes in something," she said.
This year's 33rd edition of the "Toronto International Film Festival", opened September 4 with the bloody World War I romance "Passchendaele", directed by Paul "Men With Brooms" Gross.
The Closing Gala film Saturday night was "Stone of Destiny", directed by Vancouver-based actor Charles Martin "The Untouchables" Smith.
Other big winners at this year's TIFF, included "Hunger", about IRA hunger striker Bobby Sands, and "Disgrace", a father-daughter story based on the Booker prize-winning novel from South African author J.M. Coetzee...